Anaerobic Adhesives Market by End-users and Geography - Global Forecast and Analysis 2019-2023
Global Anaerobic Adhesives Market: About this market
Anaerobic adhesives are solvent-free and single-component adhesives that cure on active metal surfaces in the absence of oxygen. Technavio’s anaerobic adhesives market analysis considers sales from industrial, transportation, electrical and electronics, and others. Our analysis also considers the sales of anaerobic adhesives in APAC, Europe, North America, South America, and MEA. In 2018, the bar-sized industrial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as bonding properties, durability, and strength will play a significant role in the industrial segment to maintain its market position. Also, our global anaerobic adhesives market report looks at factors such as the growth of the automobile industry, high performance of anaerobic adhesive, and growing demand for anaerobic adhesives in developing countries. However, uncertainties in the stringent regulations and policies, the threat of substitutes, and the increase in raw material prices may hamper the growth of the anaerobic adhesives industry over the forecast period.
Global Anaerobic Adhesives Market: Overview
High performance of anaerobic adhesives
The ease of use, high bond strength, and high impact resistance of anaerobic adhesive make them suitable for thread-lockers, gasket sealants, thread sealants, and retaining compounds. Effective crosslinking of polymers of anaerobic adhesives at room temperature provides improved strength, durability, and chemical resistance. This will lead to the expansion of the global anaerobic adhesives market at a CAGR of almost 6% during the forecast period.
Strict fuel emission standards
The growing adoption of anaerobic adhesives in place of fasteners and welds reduces the overall weight of vehicles improving the fuel economy of vehicles. Automobile manufacturers are required to reduce the weight of vehicles to meet fuel emission standards. The strict regulations on fuel emissions have compelled the manufacturers to use anaerobic adhesives to produce lightweight automobile components. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global anaerobic adhesives market during the forecast period 2019-2023, click here.
With the presence of several major players, the global anaerobic adhesives market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading anaerobic adhesives manufacturers, that include 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Illinois Tool Works Inc., ThreeBond Holdings Co. Ltd.
Also, the anaerobic adhesives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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